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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
The new Governor of the National Bank of Moldova, Octavian Armașu, was presented to the NBM team by the Parliament Speaker, Andrian Candu.
The legislative chief used the opportunity to thank to Mr. Sergiu Cioclea, who completed his mandate as Governor of the central bank on 29 November 2018: „You wrote an important page in the history of the National Bank of Moldova”. Andrian Candu is convinced that „the baton will be taken over by the new Governor with dignity. Mr. Armașu, in his capacity as Minister of Finance, delivered a very good experience and excellent management and professional skills”, underlined Andrian Candu.
In his turn, the new NBM Governor, Octavian Armașu, is impressed by the work performed by the central bank’s employees in the recent years. „People highly appreciate what you have done, the entire NBM team, along with Mr. Cioclea, in these years. Indeed, the banking system changed radically. We have a more stable, transparent and efficient system. We will continue the reforms and will respond to other challenges in the interest of citizens and society”, said the new Governor of the NBM.
Octavian Armașu holds the position of Governor of the National Bank of Moldova (NBM) since 30 November 2018.
The NBM Governor was appointed for a term of seven years.
